SEC-582 -- STUDY OF PRIVATE NONPROFIT INITIATIVES.
(a) Study.-The Secretary of Housing and Urban Development shall conduct
a study to examine how private nonprofit initiatives to provide
low-income housing development in local communities across the country
have succeeded. The Secretary shall place particular emphasis on how
Federal housing policy and tax structures can best promote local private
nonprofit organizations involvement in low-income housing development.
The Secretary shall convene individuals, of his choosing, who have
demonstrated an expertise in such private nonprofit initiatives from
across the country and draw on their expertise in implementing such
programs. The study shall include the results of, and suggestions by,
such individuals.
(b) Report.-The Secretary shall submit a report to the Congress
regarding the findings of this study not later than 1 year after the
date of the enactment of this Act.